Vietnam - Iran promote bilateral cooperation

On the morning of August 9 (local time), within the framework of the official visit to the Islamic Republic of Iran, National Assembly Chairman Vuong Dinh Hue and a high-ranking delegation of the Vietnamese National Assembly attended the Forum on policies and laws on promoting economic, trade and investment cooperation between Vietnam and Iran. Attending the Forum on the side of Thai Binh province was comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the provincial National Assembly delegation.

National Assembly Chairman Vuong Dinh Hue attended the Forum on policies and laws to promote economic, trade and investment cooperation between Vietnam and Iran.

The forum was organized by the Ministry of Industry and Trade of Vietnam, the Embassy of Vietnam in Iran in coordination with the Iranian Chamber of Commerce, Industry, Mines and Agriculture with the participation of hundreds of delegates from leading enterprises of the two countries.

Speaking at the Forum, National Assembly Chairman Vuong Dinh Hue emphasized that this is an important activity within the framework of his official visit to Iran this time.

National Assembly Chairman Vuong Dinh Hue speaks at the Forum on policies and laws to promote economic, trade and investment cooperation between Vietnam and Iran.

Sharing the results of the visit, the National Assembly Chairman believed that economic, trade and investment activities between the two countries are increasingly developing in line with the good political and diplomatic relations between the two countries. The National Assembly Chairman assessed that the Vietnam - Iran relationship is increasingly developing well, demonstrated through three factors: mutual affection and respect; development in many aspects from politics, diplomacy to economy, trade and culture; the two sides actively cooperate and support each other in multilateral forums.

The National Assembly Chairman expressed his delight that Iran, despite being severely affected by the Covid-19 pandemic and the disruption of global supply and investment chains, has still stood firm and developed, continuing to maintain its position as one of the largest economies in the region. With its unique geographical location, Iran is considered a country with an important strategic position, a proud history of development, and an increasingly diversified economy. Meanwhile, Vietnam is emerging as one of the leading attractive investment and tourism destinations in Asia with rapid developments in socio-economic development and international integration.

The National Assembly Chairman emphasized that Vietnam and Iran have economies that do not compete directly but complement and support each other. Vietnam highly appreciates Iran's position and role in the region, especially Iran's potential in science and technology, economic scale, population, and innovative startups. The two countries can fully cooperate to bring economic, trade, and investment relations commensurate with the very good political and diplomatic relations between the two countries.

The National Assembly Chairman said that in the immediate future, the two sides need to remove obstacles and difficulties to soon achieve the goal of increasing bilateral trade turnover in the near future; continue to perfect existing legal and institutional frameworks and continue to innovate to create favorable conditions for businesses and investors of the two countries. Currently, the two sides have built a number of important cooperation frameworks such as the Joint Economic and Trade Committee, with the 10th meeting to be held in the third quarter of this year, to help the two countries overcome difficulties and obstacles and soon increase trade turnover.

The National Assembly Chairman suggested that the two sides should promote working groups on trade and payment exchanges. The two countries have also signed many agreements on double taxation avoidance, judicial and customs assistance, and memorandums of understanding on technological and educational cooperation. During this visit, many agreements and memorandums of understanding were signed, especially cooperation agreements between the two countries' legislative bodies, cooperation on animal and plant quarantine, cooperation in the field of product quality measurement standards, cooperation on culture and education, etc.

The National Assembly Chairman believes that the immediate difficulties and long-term foundations for cooperation between businesses of the two countries will be resolved step by step in an effective manner, contributing to accelerating socio-economic development and contributing to the common achievements of both countries.

The National Assembly Chairman affirmed the commitment of the Vietnamese National Assembly to continuously strive to improve the legal system, remove obstacles for foreign investors operating in Vietnam, and consider the success of foreign investors in Vietnam as its own success.

“The two countries’ National Assemblies will work together to promote and supervise the Government in completing and implementing the agreements that have been signed and will be signed in the coming time to further strengthen bilateral relations in many fields, especially economic, trade and investment relations.” Emphasizing this, the National Assembly Chairman also encouraged and supported the Chambers of Commerce and Industry of the two countries to have cooperation activities, organize many business delegations to visit, learn about the environment, investment and business opportunities, connect localities with localities, and connect businesses with businesses.

The National Assembly Chairman believes that with the efforts of the business communities of the two countries, on the basis of the creation of the National Assembly and Government of the two countries, the economic, trade and investment relations between the two countries will increasingly develop.

Comrade Ngo Dong Hai, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial National Assembly Delegation and delegates attending the Forum.

The National Assembly Chairman also discussed and shared with the Iranian business community Vietnam's new, breakthrough visa policies that will take effect from August 15 this year to create favorable conditions for foreign investors to explore cooperation opportunities in Vietnam, promote people-to-people exchanges, tourism, etc. The two countries are also promoting the opening of a direct flight route from Tehran to Hanoi.

The National Assembly Chairman wished that the cooperation and search for cooperation opportunities between the two countries within the framework of this forum and the connection between businesses of the two countries in the coming time would increasingly develop, and wished that Iranian businesses would find long-term cooperation opportunities in Vietnam.

* Previously, National Assembly Chairman Vuong Dinh Hue met with Iranian President Ebrahim Raisi.

At the meeting, the two leaders expressed their delight at the positive developments in bilateral relations between the two countries in recent times. On the basis of traditional cooperation and friendship, the two leaders discussed and agreed on measures to promote bilateral cooperation in the coming time to match the great potential of the two countries. The two leaders agreed to increase delegation exchanges at all levels and through channels to further enhance political trust, creating a basis for developing multifaceted relations between Vietnam and Iran.

National Assembly Chairman Vuong Dinh Hue met with Iranian President Ebrahim Raisi.

In the economic field, the National Assembly Chairman suggested that the two sides increase facilitation for each other’s strong products; strengthen the organization of trade and investment promotion activities, connect businesses and localities of the two countries; and promote cooperation in education - training, science - technology, culture - arts.

Comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial National Assembly Delegation and delegates attended the meeting.

To effectively implement the above measures, the two sides agreed to coordinate to prepare well for the 10th Session of the Vietnam - Iran Intergovernmental Committee and promote the implementation of other bilateral cooperation mechanisms to review and agree on measures to improve the effectiveness of cooperation between the two countries. At the same time, they expressed their hope that the National Assembly of the two countries would support and continue to play an active role in reviewing and supervising the implementation of agreements between the two countries.

* Within the framework of the official visit to the Islamic Republic of Iran, on August 8-9, National Assembly Chairman Vuong Dinh Hue and the high-ranking delegation of the Vietnamese National Assembly received President of the Iran-Vietnam Friendship Association Seyed Kamal Sajjadi; received Mr. Selahvarzi, President of the Iran Chamber of Commerce, Industry, Mining and Agriculture, and a number of businesses in the fields of construction materials and pharmaceuticals of Iran; visited the Vietnamese Embassy and met with the Vietnamese community in Iran in the capital Tehran...

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